Dell Technologies just posted the kind of quarter that makes Wall Street forget every boring earnings call that came before it. The company raised its full-year AI server revenue guidance to roughly $60 billion, up from an earlier estimate of $50 billion, after booking $24.4 billion in new AI orders during Q1 of fiscal year 2027.
Shares surged as much as 30-40% in after-hours trading.
The numbers behind the surge
Dell shipped $16.1 billion worth of AI servers during the quarter, building up a record AI backlog of $51.3 billion. The company also bumped its overall revenue projection to approximately $167 billion for fiscal year 2027.
Tech giants in the US are expected to commit over $700 billion to AI infrastructure spending in 2026 alone. Goldman Sachs has projected that AI server spending could reach around $1.24 trillion by 2030.
